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ICRA comments on FM's announcement on Excise Duty

NA

June 26, 2014 9:22 IST | India Infoline News Service
The continuation of excise relief is a positive (auto/ capital goods) and provides some relief to OEMs  struggling with slowing demand. However, the overall impact on the industry would remain marginal - the industry turnaround would be contingent on demand recovery - and duty reliefs typically don't have any sustainable impact on demand

Subrata Ray, Sr.VP, Co-head, Corporate Sector Ratings, ICRA Ltd

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